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Discuss the key differences between cash and accrual accounting? Explain why most health entities use accrual accounting. What is the matching principle? Explain and detail
Discuss the key differences between cash and accrual accounting? Explain why most health entities use accrual accounting.
- What is the matching principle? Explain and detail what methods of accounting and what types of assets most easily conform to the matching principle.
- What is the revenue recognition principle?
- What are Generally Accepted Accounting Principles (GAAP)? Why are they important?
- What is a "qualified opinion" in an external audit? Is this good for the firm? Why?
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Difference between cash accounting and accrual accounting Cash Accounting records transactions only when cash is exchanged Its straightforward but may ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
